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Refractory Coatings Market: Highlights

  • Refractory coating is a technical term used in the foundry industry to describe paintings. Its primary objective is to obtain high-quality casting pieces and good surface appearance. The usage of refractory coatings during casting play an important role in terms of achieving high quality surface finish of castings. Refractory coatings are able to withstand higher temperature of liquid metal and act as barrier between metal and mold or core by the help of the type of refractory.
  • The usage of refractory coatings prevents metal penetration, sand staining, and veining defects during casting. This helps in improving the surface.
  • Refractory coatings are primarily used for coating applications including dipping, flow coating, spraying, and brushing

Key Drivers of Refractory Coatings Market

  • Exceptional properties provided by refractory coatings is a major factor that is expected to drive the refractory coatings market during the forecast period. Refractory coatings provide enhanced casting strip and metallurgical properties. They also help increase the temperature stability of the mold material and prevent metal-mold reactions (penetration, veining, erosion, etc.). Furthermore, refractory coatings optimize surface finish. Therefore, demand for refractory coatings has been rising in various industries. This is anticipated to drive the refractory coatings market during the forecast period.
  • Easy storage of refractory coatings and their better stability property are other factors estimated to boost the market during the forecast period
  • Increase in usage of refractory coatings in end-use industries is also projected to propel the refractory coatings market in the near future 

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High Performance Monomers Market: Application Segment

  • Based on application, the global refractory coatings market can be segmented into ceramics, metals, glass, plastics, and others
  • The ceramics segment is projected to account for major share of the global refractory coatings market by 2027. The segment is estimated to expand at a healthy pace during the forecast period. It is expected to account for significant market share by 2027.
  • Expanding at a healthy growth rate, the metals segment is anticipated to create significant incremental opportunity during the forecast period. Demand for refractory coatings in other industrial applications is projected to remain moderate to high across different regions.
  • The plastics segment is likely to account for minimum share of the global refractory coatings market during the forecast period. Phase-out of single use plastics and implementation of stringent environment regulations on the usage of plastics, particularly in Europe, are the major factors contributing to its minimum share.

Asia Pacific to be Key region of Global Refractory Coatings Market

  • In terms of region, the global refractory coatings market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The market in Asia Pacific is expected to expand at a significant pace during the forecast period. It is anticipated to be followed by Europe. Demand for refractory coatings in various end-use industries has been high in Asia Pacific. As a result, the refractory coatings market in the region is likely to expand at a rapid pace during the forecast period.
  • Demand for applications of refractory coatings has been high in countries in Asia such as China and India. This is fueled by rising capital investments in metal and glass industries.
  • The market in North America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period 

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Key Manufacturers Operating in Market

The global refractory coatings market was highly fragmented in 2018. Key manufacturers operating in the global market include:

  • HA International
  • Pyrotek
  • Lambson
  • Aremco
  • Arkema
  • IVP Limited
  • UBM
  • Euscatfund
  • Pyrotek
  • James Durrans Group

Global Refractory Coatings Market: Research Scope 

Global Refractory Coatings Market, by Type

  • Water-based Refractory Coatings
  • Solvent-based Refractory Coatings

Global Refractory Coatings Market, by Application

  • Ceramics
  • Glass
  • Metals
  • Plastics
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Refractory Coatings Market